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Forex currency market GBPUSD forecast trading solutions today 04/10/2020


GBPUSD pair analytics based on round levels, price channels and modified wave analysis.

GBPUSD Technical Forecast

The resistance level of 1.2480 holds back the bulls in the GBPUSD pair. An ascending truncated structure of the H4 level is formed. A bearish divergence is forming on the Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals GBPUSD overbought.




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Trading solution for traders in the GBPUSD pair 10/04/2020

Sell ​​the GBPUSD pair Strictly at the end of the ascending truncated structure of the H4 level by breaking through the inclined channel. Entrance on the formation of a descending structure.

Stop Loss for a local maximum (1.2480).

Target levels - 1.2200 (closing part of the transaction and transferring to breakeven); 1.1976; 1.1711; 1.1445.



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Analytical reviews and comments on them reflect the subjective opinion of the authors and are not a recommendation for trading. Forex Special is not responsible for possible losses in case of using review materials.


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